Savings Plan and Future Cost Estimation for Fortis College Indianapolis

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$131,596
Monthly savings required$585

How much will it cost to send your child to Fortis College Indianapolis in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $263,192.83 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $584.66 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$37,618.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $584.66 $0.00 $0.00 $584.66
2 $584.66 $584.66 $0.00 $3.31 $1,172.63
3 $1,172.63 $584.66 $0.00 $6.63 $1,763.92
4 $1,763.92 $584.66 $0.00 $9.97 $2,358.55
5 $2,358.55 $584.66 $0.00 $13.34 $2,956.55
6 $2,956.55 $584.66 $0.00 $16.72 $3,557.93
7 $3,557.93 $584.66 $0.00 $20.12 $4,162.71
8 $4,162.71 $584.66 $0.00 $23.54 $4,770.91
9 $4,770.91 $584.66 $0.00 $26.98 $5,382.55
10 $5,382.55 $584.66 $0.00 $30.43 $5,997.64
11 $5,997.64 $584.66 $0.00 $33.91 $6,616.21
12 $6,616.21 $584.66 $0.00 $37.41 $7,238.28
13 $7,238.28 $584.66 $0.00 $40.93 $7,863.87
14 $7,863.87 $584.66 $0.00 $44.46 $8,492.99
15 $8,492.99 $584.66 $0.00 $48.02 $9,125.67
16 $9,125.67 $584.66 $0.00 $51.60 $9,761.93
17 $9,761.93 $584.66 $0.00 $55.20 $10,401.79
18 $10,401.79 $584.66 $0.00 $58.81 $11,045.26
19 $11,045.26 $584.66 $0.00 $62.45 $11,692.37
20 $11,692.37 $584.66 $0.00 $66.11 $12,343.14
21 $12,343.14 $584.66 $0.00 $69.79 $12,997.59
22 $12,997.59 $584.66 $0.00 $73.49 $13,655.74
23 $13,655.74 $584.66 $0.00 $77.21 $14,317.61
24 $14,317.61 $584.66 $0.00 $80.95 $14,983.22
25 $14,983.22 $584.66 $0.00 $84.72 $15,652.60
26 $15,652.60 $584.66 $0.00 $88.50 $16,325.76
27 $16,325.76 $584.66 $0.00 $92.31 $17,002.73
28 $17,002.73 $584.66 $0.00 $96.14 $17,683.53
29 $17,683.53 $584.66 $0.00 $99.99 $18,368.18
30 $18,368.18 $584.66 $0.00 $103.86 $19,056.70
31 $19,056.70 $584.66 $0.00 $107.75 $19,749.11
32 $19,749.11 $584.66 $0.00 $111.66 $20,445.43
33 $20,445.43 $584.66 $0.00 $115.60 $21,145.69
34 $21,145.69 $584.66 $0.00 $119.56 $21,849.91
35 $21,849.91 $584.66 $0.00 $123.54 $22,558.11
36 $22,558.11 $584.66 $0.00 $127.55 $23,270.32
37 $23,270.32 $584.66 $0.00 $131.57 $23,986.55
38 $23,986.55 $584.66 $0.00 $135.62 $24,706.83
39 $24,706.83 $584.66 $0.00 $139.70 $25,431.19
40 $25,431.19 $584.66 $0.00 $143.79 $26,159.64
41 $26,159.64 $584.66 $0.00 $147.91 $26,892.21
42 $26,892.21 $584.66 $0.00 $152.05 $27,628.92
43 $27,628.92 $584.66 $0.00 $156.22 $28,369.80
44 $28,369.80 $584.66 $0.00 $160.41 $29,114.87
45 $29,114.87 $584.66 $0.00 $164.62 $29,864.15
46 $29,864.15 $584.66 $0.00 $168.86 $30,617.67
47 $30,617.67 $584.66 $0.00 $173.12 $31,375.45
48 $31,375.45 $584.66 $0.00 $177.40 $32,137.51
49 $32,137.51 $584.66 $0.00 $181.71 $32,903.88
50 $32,903.88 $584.66 $0.00 $186.04 $33,674.58
51 $33,674.58 $584.66 $0.00 $190.40 $34,449.64
52 $34,449.64 $584.66 $0.00 $194.78 $35,229.08
53 $35,229.08 $584.66 $0.00 $199.19 $36,012.93
54 $36,012.93 $584.66 $0.00 $203.62 $36,801.21
55 $36,801.21 $584.66 $0.00 $208.08 $37,593.95
56 $37,593.95 $584.66 $0.00 $212.56 $38,391.17
57 $38,391.17 $584.66 $0.00 $217.07 $39,192.90
58 $39,192.90 $584.66 $0.00 $221.60 $39,999.16
59 $39,999.16 $584.66 $0.00 $226.16 $40,809.98
60 $40,809.98 $584.66 $0.00 $230.75 $41,625.39
61 $41,625.39 $584.66 $0.00 $235.36 $42,445.41
62 $42,445.41 $584.66 $0.00 $239.99 $43,270.06
63 $43,270.06 $584.66 $0.00 $244.66 $44,099.38
64 $44,099.38 $584.66 $0.00 $249.34 $44,933.38
65 $44,933.38 $584.66 $0.00 $254.06 $45,772.10
66 $45,772.10 $584.66 $0.00 $258.80 $46,615.56
67 $46,615.56 $584.66 $0.00 $263.57 $47,463.79
68 $47,463.79 $584.66 $0.00 $268.37 $48,316.82
69 $48,316.82 $584.66 $0.00 $273.19 $49,174.67
70 $49,174.67 $584.66 $0.00 $278.04 $50,037.37
71 $50,037.37 $584.66 $0.00 $282.92 $50,904.95
72 $50,904.95 $584.66 $0.00 $287.82 $51,777.43
73 $51,777.43 $584.66 $0.00 $292.76 $52,654.85
74 $52,654.85 $584.66 $0.00 $297.72 $53,537.23
75 $53,537.23 $584.66 $0.00 $302.71 $54,424.60
76 $54,424.60 $584.66 $0.00 $307.72 $55,316.98
77 $55,316.98 $584.66 $0.00 $312.77 $56,214.41
78 $56,214.41 $584.66 $0.00 $317.84 $57,116.91
79 $57,116.91 $584.66 $0.00 $322.95 $58,024.52
80 $58,024.52 $584.66 $0.00 $328.08 $58,937.26
81 $58,937.26 $584.66 $0.00 $333.24 $59,855.16
82 $59,855.16 $584.66 $0.00 $338.43 $60,778.25
83 $60,778.25 $584.66 $0.00 $343.65 $61,706.56
84 $61,706.56 $584.66 $0.00 $348.90 $62,640.12
85 $62,640.12 $584.66 $0.00 $354.18 $63,578.96
86 $63,578.96 $584.66 $0.00 $359.48 $64,523.10
87 $64,523.10 $584.66 $0.00 $364.82 $65,472.58
88 $65,472.58 $584.66 $0.00 $370.19 $66,427.43
89 $66,427.43 $584.66 $0.00 $375.59 $67,387.68
90 $67,387.68 $584.66 $0.00 $381.02 $68,353.36
91 $68,353.36 $584.66 $0.00 $386.48 $69,324.50
92 $69,324.50 $584.66 $0.00 $391.97 $70,301.13
93 $70,301.13 $584.66 $0.00 $397.49 $71,283.28
94 $71,283.28 $584.66 $0.00 $403.05 $72,270.99
95 $72,270.99 $584.66 $0.00 $408.63 $73,264.28
96 $73,264.28 $584.66 $0.00 $414.25 $74,263.19
97 $74,263.19 $584.66 $0.00 $419.89 $75,267.74
98 $75,267.74 $584.66 $0.00 $425.57 $76,277.97
99 $76,277.97 $584.66 $0.00 $431.29 $77,293.92
100 $77,293.92 $584.66 $0.00 $437.03 $78,315.61
101 $78,315.61 $584.66 $0.00 $442.81 $79,343.08
102 $79,343.08 $584.66 $0.00 $448.62 $80,376.36
103 $80,376.36 $584.66 $0.00 $454.46 $81,415.48
104 $81,415.48 $584.66 $0.00 $460.33 $82,460.47
105 $82,460.47 $584.66 $0.00 $466.24 $83,511.37
106 $83,511.37 $584.66 $0.00 $472.19 $84,568.22
107 $84,568.22 $584.66 $0.00 $478.16 $85,631.04
108 $85,631.04 $584.66 $0.00 $484.17 $86,699.87
109 $86,699.87 $584.66 $0.00 $490.21 $87,774.74
110 $87,774.74 $584.66 $0.00 $496.29 $88,855.69
111 $88,855.69 $584.66 $0.00 $502.40 $89,942.75
112 $89,942.75 $584.66 $0.00 $508.55 $91,035.96
113 $91,035.96 $584.66 $0.00 $514.73 $92,135.35
114 $92,135.35 $584.66 $0.00 $520.95 $93,240.96
115 $93,240.96 $584.66 $0.00 $527.20 $94,352.82
116 $94,352.82 $584.66 $0.00 $533.48 $95,470.96
117 $95,470.96 $584.66 $0.00 $539.81 $96,595.43
118 $96,595.43 $584.66 $0.00 $546.16 $97,726.25
119 $97,726.25 $584.66 $0.00 $552.56 $98,863.47
120 $98,863.47 $584.66 $0.00 $558.99 $100,007.12
121 $100,007.12 $584.66 $0.00 $565.45 $101,157.23
122 $101,157.23 $584.66 $0.00 $571.96 $102,313.85
123 $102,313.85 $584.66 $0.00 $578.50 $103,477.01
124 $103,477.01 $584.66 $0.00 $585.07 $104,646.74
125 $104,646.74 $584.66 $0.00 $591.69 $105,823.09
126 $105,823.09 $584.66 $0.00 $598.34 $107,006.09
127 $107,006.09 $584.66 $0.00 $605.03 $108,195.78
128 $108,195.78 $584.66 $0.00 $611.75 $109,392.19
129 $109,392.19 $584.66 $0.00 $618.52 $110,595.37
130 $110,595.37 $584.66 $0.00 $625.32 $111,805.35
131 $111,805.35 $584.66 $0.00 $632.16 $113,022.17
132 $113,022.17 $584.66 $0.00 $639.04 $114,245.87
133 $114,245.87 $584.66 $0.00 $645.96 $115,476.49
134 $115,476.49 $584.66 $0.00 $652.92 $116,714.07
135 $116,714.07 $584.66 $0.00 $659.92 $117,958.65
136 $117,958.65 $584.66 $0.00 $666.96 $119,210.27
137 $119,210.27 $584.66 $0.00 $674.03 $120,468.96
138 $120,468.96 $584.66 $0.00 $681.15 $121,734.77
139 $121,734.77 $584.66 $0.00 $688.31 $123,007.74
140 $123,007.74 $584.66 $0.00 $695.50 $124,287.90
141 $124,287.90 $584.66 $0.00 $702.74 $125,575.30
142 $125,575.30 $584.66 $0.00 $710.02 $126,869.98
143 $126,869.98 $584.66 $0.00 $717.34 $128,171.98
144 $128,171.98 $584.66 $0.00 $724.70 $129,481.34
145 $129,481.34 $584.66 $0.00 $732.11 $130,798.11
146 $130,798.11 $584.66 $0.00 $739.55 $132,122.32
147 $132,122.32 $584.66 $0.00 $747.04 $133,454.02
148 $133,454.02 $584.66 $0.00 $754.57 $134,793.25
149 $134,793.25 $584.66 $0.00 $762.14 $136,140.05
150 $136,140.05 $584.66 $0.00 $769.76 $137,494.47
151 $137,494.47 $584.66 $0.00 $777.41 $138,856.54
152 $138,856.54 $584.66 $0.00 $785.12 $140,226.32
153 $140,226.32 $584.66 $0.00 $792.86 $141,603.84
154 $141,603.84 $584.66 $0.00 $800.65 $142,989.15
155 $142,989.15 $584.66 $0.00 $808.48 $144,382.29
156 $144,382.29 $584.66 $0.00 $816.36 $145,783.31
157 $145,783.31 $584.66 $0.00 $824.28 $147,192.25
158 $147,192.25 $584.66 $0.00 $832.25 $148,609.16
159 $148,609.16 $584.66 $0.00 $840.26 $150,034.08
160 $150,034.08 $584.66 $0.00 $848.31 $151,467.05
161 $151,467.05 $584.66 $0.00 $856.42 $152,908.13
162 $152,908.13 $584.66 $0.00 $864.56 $154,357.35
163 $154,357.35 $584.66 $0.00 $872.76 $155,814.77
164 $155,814.77 $584.66 $0.00 $881.00 $157,280.43
165 $157,280.43 $584.66 $0.00 $889.29 $158,754.38
166 $158,754.38 $584.66 $0.00 $897.62 $160,236.66
167 $160,236.66 $584.66 $0.00 $906.00 $161,727.32
168 $161,727.32 $584.66 $0.00 $914.43 $163,226.41
169 $163,226.41 $584.66 $0.00 $922.91 $164,733.98
170 $164,733.98 $584.66 $0.00 $931.43 $166,250.07
171 $166,250.07 $584.66 $0.00 $940.00 $167,774.73
172 $167,774.73 $584.66 $0.00 $948.62 $169,308.01
173 $169,308.01 $584.66 $0.00 $957.29 $170,849.96
174 $170,849.96 $584.66 $0.00 $966.01 $172,400.63
175 $172,400.63 $584.66 $0.00 $974.78 $173,960.07
176 $173,960.07 $584.66 $0.00 $983.60 $175,528.33
177 $175,528.33 $584.66 $0.00 $992.46 $177,105.45
178 $177,105.45 $584.66 $0.00 $1,001.38 $178,691.49
179 $178,691.49 $584.66 $0.00 $1,010.35 $180,286.50
180 $180,286.50 $584.66 $0.00 $1,019.37 $181,890.53
181 $181,890.53 $584.66 $0.00 $1,028.44 $183,503.63
182 $183,503.63 $584.66 $0.00 $1,037.56 $185,125.85
183 $185,125.85 $584.66 $0.00 $1,046.73 $186,757.24
184 $186,757.24 $584.66 $0.00 $1,055.95 $188,397.85
185 $188,397.85 $584.66 $0.00 $1,065.23 $190,047.74
186 $190,047.74 $584.66 $0.00 $1,074.56 $191,706.96
187 $191,706.96 $584.66 $0.00 $1,083.94 $193,375.56
188 $193,375.56 $584.66 $0.00 $1,093.37 $195,053.59
189 $195,053.59 $584.66 $0.00 $1,102.86 $196,741.11
190 $196,741.11 $584.66 $0.00 $1,112.40 $198,438.17
191 $198,438.17 $584.66 $0.00 $1,122.00 $200,144.83
192 $200,144.83 $584.66 $0.00 $1,131.65 $201,861.14
193 $201,861.14 $584.66 $0.00 $1,141.35 $203,587.15
194 $203,587.15 $584.66 $0.00 $1,151.11 $205,322.92
195 $205,322.92 $584.66 $0.00 $1,160.93 $207,068.51
196 $207,068.51 $584.66 $0.00 $1,170.80 $208,823.97
197 $208,823.97 $584.66 $0.00 $1,180.72 $210,589.35
198 $210,589.35 $584.66 $0.00 $1,190.70 $212,364.71
199 $212,364.71 $584.66 $0.00 $1,200.74 $214,150.11
200 $214,150.11 $584.66 $0.00 $1,210.84 $215,945.61
201 $215,945.61 $584.66 $0.00 $1,220.99 $217,751.26
202 $217,751.26 $584.66 $0.00 $1,231.20 $219,567.12
203 $219,567.12 $584.66 $0.00 $1,241.46 $221,393.24
204 $221,393.24 $584.66 $0.00 $1,251.79 $223,229.69
205 $223,229.69 $584.66 $0.00 $1,262.17 $225,076.52
206 $225,076.52 $584.66 $0.00 $1,272.62 $226,933.80
207 $226,933.80 $584.66 $0.00 $1,283.12 $228,801.58
208 $228,801.58 $584.66 $0.00 $1,293.68 $230,679.92
209 $230,679.92 $584.66 $0.00 $1,304.30 $232,568.88
210 $232,568.88 $584.66 $0.00 $1,314.98 $234,468.52
211 $234,468.52 $584.66 $0.00 $1,325.72 $236,378.90
212 $236,378.90 $584.66 $0.00 $1,336.52 $238,300.08
213 $238,300.08 $584.66 $0.00 $1,347.38 $240,232.12
214 $240,232.12 $584.66 $0.00 $1,358.31 $242,175.09
215 $242,175.09 $584.66 $0.00 $1,369.29 $244,129.04
216 $244,129.04 $584.66 $0.00 $1,380.34 $246,094.04
217 $246,094.04 $584.66 $127,146.29 $1,391.45 $120,923.86
218 $120,923.86 $584.66 $0.00 $683.72 $122,192.24
219 $122,192.24 $584.66 $0.00 $690.89 $123,467.79
220 $123,467.79 $584.66 $0.00 $698.10 $124,750.55
221 $124,750.55 $584.66 $0.00 $705.36 $126,040.57
222 $126,040.57 $584.66 $0.00 $712.65 $127,337.88
223 $127,337.88 $584.66 $0.00 $719.99 $128,642.53
224 $128,642.53 $584.66 $0.00 $727.36 $129,954.55
225 $129,954.55 $584.66 $0.00 $734.78 $131,273.99
226 $131,273.99 $584.66 $0.00 $742.24 $132,600.89
227 $132,600.89 $584.66 $0.00 $749.74 $133,935.29
228 $133,935.29 $584.66 $0.00 $757.29 $135,277.24
229 $135,277.24 $0.00 $136,046.53 $764.88 -$4.41